Altered video of President Biden doesn't violate Meta's policy on manipulated media and can remain on Facebook because it didn't involve the use of artificial intelligence, the board overseeing content moderation said Monday.
Why it matters: The board did so while at the same time criticizing Meta's manipulated media policy as "incoherent, lacking in persuasive justification" and recommending revisions.
After venture capitalists burned mountains of cash on "cleantech" investments in the late aughts, the postmortems stressed that VC shouldn't be used as a substitute for project finance.
Why it matters: VCs forgot the lesson, pumping billions into electric vehicle makers.
Novo Holdings, the parent company of Danish pharma giant Novo Nordisk, agreed to buy New Jersey-based contract manufacturer Catalent for around $16.5 billion in cash.
Why it matters: This deal is about boosting production of Wegovy, the anti-obesity drug whose demand has far outpaced supply.
Satya Nadella just passed the decade mark as Microsoft's CEO, leading it past Apple to become the world's most valuable company.
Why it matters: He's sidestepped most of the controversies that have dogged his Big Tech peers, while leaning hard into tech megatrends like cloud, gaming, and AI.
Workers are winning. Hourly wages rose 0.6% in January from the previous month and are up 4.5% from a year earlier — outpacing inflation.
Why it matters: The pay numbers, part of an absolute banger of a jobs report released last Friday, are another sign that the labor market is strong and workers, in some industries, still have leverage.
Giant companies now dominate the stock market in a way we haven't seen in 50 years.
Why it matters: It's the financial representation of how the largest firms — most of all, the giant tech companies known in the stock market as "the Magnificent Seven" — increasingly stand astride corporate America and the broader economy as colossi.
Taylor Swift made Grammys history when she won album of the year for "Midnights" on Sunday.
The big picture: "Mind blown, thank you so much," the singer said onstage after winning the category for a record for the fourth time. Swift announced earlier after she won best pop vocal album for "Midnights" that her new album, "The Tortured Poets Department," was due out April 19.
Boeing said Sunday some 50 undelivered 737 MAX jets need more work after its supplier, Spirit AeroSystems, identified misdrilled holes on some fuselages, Reuters first reported.
Why it matters: Boeing's reputation was hit following the mid-flight Alaska Airlines incident that led to the temporary grounding of 737 Max 9s in U.S. territory, and this latest issue could delay some near-term 737 deliveries.
